The Creative side of this segment played the central role, bringing in $2.08 billion while the Document Cloud generated $411 million.Īnnual Recurring Revenue (ARR) for the entire Digital Media component came in line with expectations of $10.18 billion. The largest segment for the Silicon Valley-based company remains Digital Media, which generated $2.5 billion for the period, an upswing of 20%.
Over the last three years, Adobe has reported an average annual EPS growth of 29%, while Microsoft, during the same period, posted average annual earnings growth of 20%. It is worth mentioning that Adobe stands shoulder to shoulder with far-larger rival Microsoft ( MSFT) as, like the Windows OS developer, it, too, enjoys a stellar record of stable earnings growth. Both revenue and profit topped expectations.Īdobe’s performance continued its historic year, having delivered records in the first, second, and third quarters as well. The software company generated a record revenue of $3.42 billion for the quarter, up 14.4% from the same quarter in the prior year. During the same quarter last year, the firm earned $2.29 EPS. In the fiscal fourth quarter, Adobe reported EPS of $2.81, a growth of 23%.
The company has recently forayed into digital media and digital marketing software. is an American multinational computer software company, primarily known for its printing, publishing, and graphics software products. A shift from desktop to the cloud for its creative and digital document software franchises, adaptation of software-as-a-service (SaaS) subscription model and movement into high-growth areas makes Adobe a lucrative long-term investment prospect.Īdobe Inc.
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